BUSINESS

US renews space flights with Russia in rare cooperation

Customers of crypto lender Celsius face a long and anxious wait to know how, when and even if they will get their money back after the company filed for bankruptcy, becoming one of the biggest victims of the collapse in crypto markets this year.

Amazon’s private-label business accounted for 243,000 products in 2020.

How authoritarian regimes hunt their opponents abroad

U.S. retail sales rebounded strongly in June as Americans spent more on gasoline and other goods amid soaring inflation, which could allay fears of an imminent recession but not change the view that economic growth in the second quarter was tepid.

At the time of her death, Ivana Trump was worth an estimated $100 million.

Former professional baseball player Alex Rodriguez, with a net worth of $350 million, has been paying $115,000 per month in child and spousal support to his former wife, Cynthia Scurtis.

U.S. stocks closed sharply higher on Friday, ending several days of sell-offs with a rebound fueled by upbeat earnings, strong economic data and easing fears of a larger-than-expected interest rate hike by the Federal Reserve.

U.S. stocks climbed on Friday as upbeat retail sales data allayed some concerns about an imminent recession, while investors scaled back bets of a supersized interest rate hike this month after comments from Federal Reserve policymakers.

Warren Buffett's near 20% stake in Occidental Petroleum has some investors expecting the billionaire to eventually absorb the oil producer and turn it into a "cash machine" that feeds his other investments.

BlackRock Inc said on Friday it is tightening its belt and putting off some hirings amid an economic environment that has spooked retail investors and drove its quarterly profit down.

UnitedHealth Group Inc on Friday raised its annual profit forecast for a second straight quarter, as a slow recovery in non-urgent medical procedures and lower COVID-care costs help it rein in medical expenses.

UnitedHealth Group Inc on Friday raised its annual profit forecast for the second time this year, after the company topped estimates for quarterly results on lower medical costs in its health insurance business.

EU mulls sanctions as Russia accused of shelling Ukraine from nuclear plant

Shares in Saipem on Friday tumbled below the issue price for new stock in a hyper-dilutive cash call that fell short of the 2 billion euro ($2.01 billion) target the Italian energy services firm sought from investors to shore up its finances.

The World Bank is seeking to block release of a report prepared for the Group of 20 major economies that calls for lowering the bank's capital requirements to boost its lending capacity, four sources familiar with the matter said.

The European Commission, the EU executive, formally proposed on Friday its latest package of sanctions against Moscow, including an import ban on Russian gold, and legal tweaks to prevent current measures from hampering food shipments.

The European Commission is set to adopt on Friday its seventh package of sanctions against Russia, which will add a ban to the import of Russian gold and tweak existing restrictive measures to avoid hampering food exports, two officials told Reuters.

Crisis hit airline SAS said on Friday negotiations with pilots to secure new working terms and make savings that will allow it to secure its future will start again on Saturday.

Talks between airline SAS and pilot unions resumed on Friday as the parties seek to agree on a complicated deal to end a strike that the carrier says is threatening its future.

By Saikat ChatterjeeA look at the day ahead in markets from Saikat Chatterjee.

Investors betting that Japan will have to quit its ultra-loose monetary policy are running into riskier and pricier territory as the showdown shifts to the Bank of Japan's home turf in the bond market.

Aston Martin's shares jumped 20% on Friday after the British luxury carmaker announced an capital raising that will see Saudi Arabia's Public Investment Fund (PIF) become its second-largest shareholder with an almost 17% stake.

Things are looking up for GSK and its chief Emma Walmsley as the British drugs giant prepares to spin off its consumer health business on Monday in London's biggest listing in a decade and the company's most radical shake-up in 20 years.

Rising recessionary concerns are seeing some investors reduce risk in their credit exposure as they brace for an economic slowdown whose magnitude remains highly uncertain.

Chinese regulators' assurances of help in delivering property projects on time failed to convince some homebuyers threatening to stop mortgage payments and investors continued to sell shares in embattled developers on Friday.

Stocks jump as US consumers keep spending

The Red Sea islands caught between Egypt, Saudi and Israel

'True balance': Japan's quiet telework revolution